Updating Credit Memo Installments
When you credit a transaction with multiple installments, you can use the Installments window to update the applications of your credit memo to the installments of the credited transaction. Receivables displays installment information for a transaction based on the due date of each installment. Receivables defaults line, tax, and freight information based on the Split Term Method you entered when you created this credit memo. You can accept these values or enter new ones.
You cannot update the amount of your credit memo or add tax or freight charges in the Installments window. You cannot open the Installments window if this credit memo is incomplete or if this transaction is an on-account credit.
Prerequisites
To update the installments of a credited transaction:
1. Navigate to the Transactions Summary window.
2. Query the credit memo to update.
3. Choose CM Installments.
4. To update the installments of this credit memo, modify the Line, Tax, or Freight Credit Amount for each installment. The sum of the line credits must equal the total line amount of this credit memo, the sum of the tax credits must equal the total tax amount of this credit memo, and the sum of the freight credits must equal the total freight amount of this credit memo.
See Also
Updating Credit Memos and On-Account Credits
Invoices with Rules
Accounting for Credit Memos
Enter transactions